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...want to go back to your initial premise of us being close to Wall Street. We knew that this would be a consequence of us managing TARP. It was inevitable. One of the things that we have to do is just remind people that having inherited this financial disaster as well as the TARP structure, this thing was managed in as prudent a way as any financial-crisis management has ever been managed...

Author: /time Magazine | Title: Q&A: Obama on His First Year in Office | 1/21/2010 | See Source »

This investment trend, which flourished from 2005 until the financial crisis hit in 2008, threatened a cherished pillar of urban policy - affordable housing, which has long been regarded as essential for maintaining vibrant diversity in our cities. The victims are among the huge numbers of Americans (estimated at close to 100 million before the latest housing boom promoting homeownership) who rent their primary residences - poor, working-class and even middle-class folks - who have been overshadowed in the deluge of media coverage of the debacle in single-family housing. (Affordable housing refers to that costing no more than a third...

Author: /time Magazine | Title: Should Private Equity Invest in Residential Real Estate? | 1/20/2010 | See Source »

...close race between Brown and Coakley led to a high turnout in the polls. Overall, Massachusetts had a 54 percent turnout rate, with 54 percent of eligible Cambridge voters casting their ballot in the special election...

Author: By Rediet T. Abebe and Kerry K. Clark, CRIMSON STAFF WRITERS | Title: Republican Brown Wins Mass. Senate Seat | 1/20/2010 | See Source »

...back to camp, until the evening debriefing. The furious commanding officer berated the soldiers, saying that distributing candy could cause children in the future to run out in front of moving humvees, risking an accident. Worse, the enemy could take advantage of the crowd to get close to the vehicles and detonate a bomb, endangering the soldiers and the children. "We are not here to make ourselves feel good," said the officer. "We are here because we have...

Author: /time Magazine | Title: Afghanistan: Limits of 'Winning Hearts and Minds' | 1/19/2010 | See Source »

...withdrawal to the successful completion of this election. Though it is unlikely that Sunni parties will again boycott the election or return to violent tactics, the parliament's sleight of hand could be a warning that however much the White House and the American public would like to close the tragic book on Operation Iraqi Freedom, a stable and democratic Iraq is far from mission accomplished...

Author: /time Magazine | Title: Could a Sunni Candidates Ban Imperil Iraq's Election? | 1/19/2010 | See Source »

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